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Committee advances performance‑based ratemaking bill after two failed consumer amendments
Summary
House Bill 1,002 would authorize multiyear performance‑based rate plans for utilities and include affordability and service‑restoration metrics; two amendments aimed at expanding payment plans and requiring more detailed bill line‑iteming failed, and the committee subsequently passed the bill 9‑0.
The Appropriations committee reviewed House Bill 1,002, a sponsor‑backed measure that would authorize performance‑based ratemaking (PBR) for utilities and authorize structured multiyear rate plans with annual performance incentive metrics.
The bill’s sponsor described PBR as shifting regulatory focus from reactive rate approvals to measuring utilities against performance metrics over multi‑year plans. Identified metrics in the draft included an affordability measure (comparing average residential…
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